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Microcap & Penny Stocks : Zia Sun(zsun)

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From: StockDung	8/18/2008 6:58:14 PM
	of 10354

The update file The City of London Police crackdown on boiler room share deceptions has scored another success. Last weekend, potential investors were invited to a London hotel for a presentation by Paul Richard Bell of Hong Kong-based ALV Group, a broking firm that has been the subject of warnings by watchdogs in Portugal and Sweden. Officers from the Economic Crime Department went along too. A spokesman said: 'We are seeing an increase in the sale of purported shares from the Far East and this investigation is part of our commitment to disrupt boiler room activity and bring offenders to justice.' Bell, an American, is in my files already. About ten years ago, he worked for a Thai boiler room called International Asset Management that cheated investors around the world. He was arrested in Australia in 2001, where he claimed to be terminally ill, eking out a living by teaching English in Thailand. He was given a suspended jail sentence for fraud. Police say three people were arrested at the ALV presentation and later bailed. They declined to confirm that Bell was one of them. thisismoney.co.uk

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